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Dec 31, 2012
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the alternative minimum tax kicks in and several tax deductions will also expire. nbc's danielle leigh is on capitol hill with the latest on the negotiation. danielle, what's the latest? >> reporter: good morning. there's been progress and at 11:00 a.m. this morning the senate is going to get back to work. when they do they will not have a lot of time to come up with a deal to avoid those spending cuts and tax increase. both sides are still divided but just before calling it quits yesterday democratic leader harry reid said he hoped to have an announcement in the morning when the senate gets back network. where are they divided? they are divided at what salary taxes should increase but there was progress on taxes for the wealthiest of americans and avoiding the inheritance increases and they are grateful that republicans have given up on demands for cuts to social security at least for now. now this progress has not come easy. democrats have accused republicans of being too suborn on tax increases. just yesterday republicans slammed democrats for failing to give th
the alternative minimum tax kicks in and several tax deductions will also expire. nbc's danielle leigh is on capitol hill with the latest on the negotiation. danielle, what's the latest? >> reporter: good morning. there's been progress and at 11:00 a.m. this morning the senate is going to get back to work. when they do they will not have a lot of time to come up with a deal to avoid those spending cuts and tax increase. both sides are still divided but just before calling it quits...
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Jan 23, 2012
01/12
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taxes are a tool of an investment. they are right that's a good tool. >> a tool out of six or seven that you need. and the president, he gets this. you have to have a multipronged investment and growth strategy. you'll see him laying that out in his speech. >> it will be interesting for all of us to hear. especially when we're desperate to have that debate. i think everybody realizes this is a complex issue that that no one person can resolve. i want you to take advantage of your experience and resume to make us feel better about the clown show. in the context of presidential history and presidential races, a sense of sadness, shall we say. a sense of disinfranchisement. you feel the quality of the debate is either lacking in credibility or is not addressing the core issues. what is the history in american presidential politics from your view in terms of the absurdity of the presidential races and the press and the rest of it and how does that compare to this year? >> it's bad this year. in other words, usually the par
taxes are a tool of an investment. they are right that's a good tool. >> a tool out of six or seven that you need. and the president, he gets this. you have to have a multipronged investment and growth strategy. you'll see him laying that out in his speech. >> it will be interesting for all of us to hear. especially when we're desperate to have that debate. i think everybody realizes this is a complex issue that that no one person can resolve. i want you to take advantage of your...
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Feb 1, 2012
02/12
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and that is for fundamental tax reform. it was interesting that mitch daniels in his response to the state of the union talked about getting rid of a loft tt of deductions and having a flatter tax system without all these loop holes and deductions. i think the president made a mistake by not stepping up more to that idea of basic tax reform, radical tax simplification which the american people would favor. i think by limiting the complexity. you would see job growth coming out of those lower, flatter rates over time. now, there's a chance that this will happen at the end of the year because the president has a very big club. if he does nothing, remember, the bush tax cuts expire. so that means that in the lame duck session he is going to have some real leverage for tax reform if he wants to do it. so what i think we all need to do and the republicans and, you know, people in the middle, everybody has to say, let's get basic, fundamental tax reform on the agenda for the end of this year or next year. nothing is going to happ
and that is for fundamental tax reform. it was interesting that mitch daniels in his response to the state of the union talked about getting rid of a loft tt of deductions and having a flatter tax system without all these loop holes and deductions. i think the president made a mistake by not stepping up more to that idea of basic tax reform, radical tax simplification which the american people would favor. i think by limiting the complexity. you would see job growth coming out of those lower,...
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Feb 16, 2012
02/12
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ago, house and senate negotiators agreed on the final version of the new deal to extend the payroll tax cuts to the end of the year. a vote could come as early as friday. tra tracie potts joins us with detail. >> reporter: good morning, everyone. it looks like they have enough support for the negotiators to sign off on this. here is what it means. the 2% payroll tax cut, the $40 we got last year and so far this year will continue until the end of the year but won't be paid for. that means congress will add $100 billion to the nation's debt. unemployment benefits, they will also continue past the end of the month. that will be paid for by auctioning off mobile spectrum and also by requiring new federal workers to pay more in their pensions, but instead of 99 weeks, the max after may will be 73 weeks and that physician you're in the state with the highest unempt ploit rates. 27% cut for doctors who see medicare patients, that will not happen, that is going to cost $20 billion paid for by adjustments to the new health law. they will try to vote on this we are told on friday, if they can ge
ago, house and senate negotiators agreed on the final version of the new deal to extend the payroll tax cuts to the end of the year. a vote could come as early as friday. tra tracie potts joins us with detail. >> reporter: good morning, everyone. it looks like they have enough support for the negotiators to sign off on this. here is what it means. the 2% payroll tax cut, the $40 we got last year and so far this year will continue until the end of the year but won't be paid for. that means...
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Feb 16, 2012
02/12
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of $20.y for his cup of coffee don't forget the taxes. the grand total was $23.60 for a cup of coffee. asked how it tasted, the daring young texan said it's tolerable, but it's not that good. so why, you may ask yourself, would he spend that kind of dough on undrinkable coffee? it didn't cost him a dime. he had a coupon for a free drink and any extras as part of a rewards program. he was gaming the system, he said. seems the greedy bastards even visit starbucks. >>> it's been called gripping, intense, and powerful. an account of how a navy seal became the deadliest stiep sniper in american history. thank you so much, i appreciate it, i'll be right back. they didn't take a dime. how much in fees does your bank take to watch your money ? if your bank takes more money than a stranger, you need an ally. ally bank. no nonsense. just people sense. in your breakfast cereal, what is? now, in every box of general mills big g cereal, there's more whole grain than any other ingredient. that's why it's listed first. get more whole grain than any othe
of $20.y for his cup of coffee don't forget the taxes. the grand total was $23.60 for a cup of coffee. asked how it tasted, the daring young texan said it's tolerable, but it's not that good. so why, you may ask yourself, would he spend that kind of dough on undrinkable coffee? it didn't cost him a dime. he had a coupon for a free drink and any extras as part of a rewards program. he was gaming the system, he said. seems the greedy bastards even visit starbucks. >>> it's been called...
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Jul 31, 2012
07/12
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but obviously he can't release those tax returns. how would it look? folks, this is a dramatic escalation of a controversy over romney's taxes. the speculation is coming from one of the most powerful politicians in the country. it comes just days after romney was caught off guard with another question about his taxes. >> was there ever any year when you paid lower than the 13.9%? >> i haven't calculated that. i'm happy to go back and look but -- my view is i have paid all the taxes required by law. >> romney still hasn't come back with an answer on that. and he still hasn't addressed the question about his finances. the american people have a right to know more. joining me now is democratic strategist bob shrum who ran ted kennedy's campaign against romney in 1994. bob, let me start with you. senator reid said he didn't know if this claim about romney's taxes was true. what's your take on the fact he was willing to put this into play at all? >> well, let me put this in context. romney is returning from the worst foreign trip of any presidential candida
but obviously he can't release those tax returns. how would it look? folks, this is a dramatic escalation of a controversy over romney's taxes. the speculation is coming from one of the most powerful politicians in the country. it comes just days after romney was caught off guard with another question about his taxes. >> was there ever any year when you paid lower than the 13.9%? >> i haven't calculated that. i'm happy to go back and look but -- my view is i have paid all the taxes...
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Dec 20, 2012
12/12
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you lose the child care tax credit, lose tuition tax credits. it is another shot at the middle class in order to protect the richest. >>> catch "the ed show" weeknights at 8:00 eastern on msnbc. >>> four state department officials are out following a scathing report on the consulate attack in benghazi. a u.s. ambassador and three others were killed in a terrorist attack on that diplomatic compound in libya. one state department official resigned wednesday and three others removed after an independent panel found security at the consulate was insufficient and state department leadership was to blame. >> the security posture at the special mission compound was inadequate for the threat environment in benghazi. and in fact, grossly inadequate to deal with the attack that took place that night. >> the report also found the attack was not the result of protests over an anti-islamic video as was first reported. later today, two deputy secretaries of state will testify before congress about the attack. secretary of state hillary clinton will not be the
you lose the child care tax credit, lose tuition tax credits. it is another shot at the middle class in order to protect the richest. >>> catch "the ed show" weeknights at 8:00 eastern on msnbc. >>> four state department officials are out following a scathing report on the consulate attack in benghazi. a u.s. ambassador and three others were killed in a terrorist attack on that diplomatic compound in libya. one state department official resigned wednesday and three...
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Jan 30, 2012
01/12
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they tax imports at 25% as you surely know. we tax imparts at 2.5%. they continue to massively rig their currency relative to ours to what extent can pieces of legislation like yours that are the tip of the spear on this issue provide more clearance and more momentum for broader trade reform? >> i think that that's a great question. i think we get these bills rolling and we get them passed. we open up the door for the currency manipulation bill that we passed in the house in the last congress. the senate has already acted on. it passed with overwhelming bipartisan support. all we need to do is get it to the floor. we just need to get congress to act. we hear a lot of talk about bipartisanship. we hear a lot of talk about the need for jobs. now it's time to see that action. we heard about how members of congress, republicans and democrats, sat together during the state of the union. but we need to see people acting together to pass these common sense reforms. >> as bo biden was talking about, it's time for action. it's not time for talking. we apprecia
they tax imports at 25% as you surely know. we tax imparts at 2.5%. they continue to massively rig their currency relative to ours to what extent can pieces of legislation like yours that are the tip of the spear on this issue provide more clearance and more momentum for broader trade reform? >> i think that that's a great question. i think we get these bills rolling and we get them passed. we open up the door for the currency manipulation bill that we passed in the house in the last...
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Feb 9, 2012
02/12
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the institutionalization of two sets of rules as our base government system affects our tax code, our subsidies, the nature of our health care system, our educational system, the development of our careers, the culture of investment, the list goes on. it is that most basic unfairness, which unites not only groups like tea partiers and occupiers, but the millions of americans that are currently responding in their own way to the realizization and the need to address this problem. joining us now is mark meckler. he's one of the founders of the tea party patriots. the title says it all. you're a man, mark, who appears to be a civilized and reasonable man. this is because people are not familiar with your history of carrying around a moe hawk in college. they will believe you're a true radical. >> it's true. i have to admit. >> so give me -- do you agree with what i just said. >> i do agree. there are two sets of rules. i think most americans are starting to understand that. you talked a lot about us versus them on the show. i think there is an us versus them. it's the citizens versus the
the institutionalization of two sets of rules as our base government system affects our tax code, our subsidies, the nature of our health care system, our educational system, the development of our careers, the culture of investment, the list goes on. it is that most basic unfairness, which unites not only groups like tea partiers and occupiers, but the millions of americans that are currently responding in their own way to the realizization and the need to address this problem. joining us now...
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Jul 10, 2012
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how many years of income tax returns has mitt romney, his son, filed? one. it's the least amount of disclosure of any presidential candidate of either political party in the last 36 years. >> each night veteran talk show host ed shuts and his guests debate and discuss the most important issues affecting americans. be sure to watch "the ed show" weeknights at 8:00 eastern on msnbc, the place for politics. >>> temperatures are falling in many parts of the country but the problems created by the devastating recent heat wave are still on the rise. according to the u.s. government, record heat has left corn and soybeans in the worst shape since 1988's farm belt drought and that means higher food prices could be on the way. nbc's jay gray has details. >> reporter: as a record heat wave finally begins to break, the concern, damage and deadly effects still linger. after temperatures over 100 degrees across much of the country for the past two weeks. >> it's a very dangerous circumstance. >> reporter: the extreme conditions are being blamed for at least 74 deaths acr
how many years of income tax returns has mitt romney, his son, filed? one. it's the least amount of disclosure of any presidential candidate of either political party in the last 36 years. >> each night veteran talk show host ed shuts and his guests debate and discuss the most important issues affecting americans. be sure to watch "the ed show" weeknights at 8:00 eastern on msnbc, the place for politics. >>> temperatures are falling in many parts of the country but the...
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Apr 17, 2012
04/12
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the same will happen on the republican side on taxes and cutting taxes and they are going to start to do that as soon as thursday in the house. eric kantor to cut taxes for small businesses and folks who employ less than 500 people. these are things they do in concert with the campaign. >> you also vote that romney worked hand in hand with paul ryan in terms of getting briefed on the budget. personal phone calls. >> that's right. several phone calls and even before the budget was rolled out for romney to get on the same page. of course the ryan budget and the controversial plan on medicare is a clear wedge issue in the campaign and romney decided he will embrace that and he needs to be on the same page and i don't think he can shy away from that. >> one of the criticisms is this is the romney-ryan budget. for men, they essentially doubled down it seems in the embrace with paul ryan and could be a vp candidate. >> for paul ryan is, we will have so much hints and look back and say we saw this coming. they are so intertwined. romney has not braved the plan so much and why pick him as the
the same will happen on the republican side on taxes and cutting taxes and they are going to start to do that as soon as thursday in the house. eric kantor to cut taxes for small businesses and folks who employ less than 500 people. these are things they do in concert with the campaign. >> you also vote that romney worked hand in hand with paul ryan in terms of getting briefed on the budget. personal phone calls. >> that's right. several phone calls and even before the budget was...
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Apr 17, 2012
04/12
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republicans say no taxes should be raised right now, countering with a plan to cut taxes for businesses. new cnn polling shows 72% of americans support the buffett rule. 27% oppose that idea. after the vote, president obama released a statement that reads in part, the buffett rule is common sense. one of the fundamental challenges of our time is building an economy where everyone gets a fair shot. everyone does their fair share. and everyone plays by the same rules. senate minority leader, mitch mcconnell said yesterday's vote on the buffett rule was nothing more than political theater. >> we're in a crisis here. and sadly, it's all politics. all the time. for him, it's not about jobs, or the economy, it's about his idea of fairness. about imposing it on others. and if we lose more jobs in the process, oh well. so be it. >> mitt romney also weighed in on the issue of the buffett rule. he did so last night at a tea party event in philadelphia. >> the american people are struggling right now and we have a president that doesn't seem to understand that he's been part of the problem, not pa
republicans say no taxes should be raised right now, countering with a plan to cut taxes for businesses. new cnn polling shows 72% of americans support the buffett rule. 27% oppose that idea. after the vote, president obama released a statement that reads in part, the buffett rule is common sense. one of the fundamental challenges of our time is building an economy where everyone gets a fair shot. everyone does their fair share. and everyone plays by the same rules. senate minority leader,...
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Dec 12, 2012
12/12
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in fact, he raised taxes. under president bush, the net growth was just 3 million with the tax cuts to the rich. so, clearly, you don't need to give a tax cut to the rich to create jobs when there's a 20 million job swing between clinton and bush and total different tax policies. >> yeah, there has been growth in the economy despite what's going on in washington. what one constituent told to me if you want to return to clinton-era tax rates, why don't we return to clinton-era spending. the president is talking about raising $60-80 billion. that's about one week of spending in washington, d.c. the problem is we've got 51 weeks of over-spending. we can talk about raising taxes, but we've got to you grow the economy. if you raise taxes on small businesses, you raise taxes on farmers and ranchers in my district, that's going to cripple small businesses. i'm not worried about ge. they've got a seat at the table at the white house. i'm worried about the small guy that's going to get hammered that don't have a lesion
in fact, he raised taxes. under president bush, the net growth was just 3 million with the tax cuts to the rich. so, clearly, you don't need to give a tax cut to the rich to create jobs when there's a 20 million job swing between clinton and bush and total different tax policies. >> yeah, there has been growth in the economy despite what's going on in washington. what one constituent told to me if you want to return to clinton-era tax rates, why don't we return to clinton-era spending....
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Nov 26, 2012
11/12
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rates or effective tax rates. there's ways of doing that. >> reporter: with the clock ticking and markets getting nervous, talks begin again this week amid tentative steps toward common ground. >> we can't go off the fiscal cliff. we have to show the world we're adults. the election is over. >> nbc's mike viqueira reporting. >>> overseas to egypt where the country's newly elected leader has granted himself unchecked power sparking days of clashes and sending the country's stock market into a freefall. our reporter is in cairo with the very latest. ayman, good morning. >> reporter: good morning. egypt's stock market opened for a second straight day, and it plunged already by 4%. now, that's already a day after it lost 10%, and officials there had to stop trading just to prevent it from declining any further. that's the economic turmoil this country finds itself in. there are tons of other political and social unrest unfolding across the egyptian capital, cairo. a short while from now, mourners are going to be prayi
rates or effective tax rates. there's ways of doing that. >> reporter: with the clock ticking and markets getting nervous, talks begin again this week amid tentative steps toward common ground. >> we can't go off the fiscal cliff. we have to show the world we're adults. the election is over. >> nbc's mike viqueira reporting. >>> overseas to egypt where the country's newly elected leader has granted himself unchecked power sparking days of clashes and sending the...
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Jul 9, 2012
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they want to go out front and say that obamacare is a tax. that you're going for higher taxes. that is why there's a lot of consternation during that whole back and forth last week in the romney campaign about whether or not it was a tax or penalty. they're going to say this is a tax and that is what their attempt is to say to swing voters, well, you might like some parts of obamacare, but please know that it is a tax and it's going to raise your taxes. then they're going to push the economic argument in terms of being a tax. a debate we'll have until november 6th. >> let me ask you about defense spending and cuts. leon panetta about a month ago said these automatic cuts, this was designed to be a meat tax. a disaster. and sort of a warning and imptous to get both parties in congress to look at this and take this seriously. what sense are you getting on the hill about defense cuts an s those cuts? >> they don't want to go there. the only people that want to go there are the dennis kuciniches of the democratic party. here is the issue. leon panetta saying this would decimate or
they want to go out front and say that obamacare is a tax. that you're going for higher taxes. that is why there's a lot of consternation during that whole back and forth last week in the romney campaign about whether or not it was a tax or penalty. they're going to say this is a tax and that is what their attempt is to say to swing voters, well, you might like some parts of obamacare, but please know that it is a tax and it's going to raise your taxes. then they're going to push the economic...
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May 18, 2012
05/12
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they call that tax avoidance. if we did it, it would be called tax evasion. these same corporations she defending, you know what, we lose $100 billion a year because they're so unpatriotic, they want to use our military, our police departments, our infrastructure, but they don't want to give anything back. >> give me a break, what about all of the people in america not doing anything. what about the people sitting around taking welfare and food stamps and everything else. they're producing nothing. and they're deadweight. we have millions of those all over the country. that's the problem, not the corporations. >> what about the people getting food stamps that need food stamps like children. >> you don't need food stamps to buy doritos. >> don't act like everybody getting help that all of them don't need help and are not sitting around doing anything. >> do you know you can buy things like doritos, fritos, do you realize that with those ebt cards, and michelle obama is talking about how kids should eat right but we subsidize that. >> you're talking about what
they call that tax avoidance. if we did it, it would be called tax evasion. these same corporations she defending, you know what, we lose $100 billion a year because they're so unpatriotic, they want to use our military, our police departments, our infrastructure, but they don't want to give anything back. >> give me a break, what about all of the people in america not doing anything. what about the people sitting around taking welfare and food stamps and everything else. they're...
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Jul 10, 2012
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roll back the bush tax cuts and stop these tax incentives for corporations to ship jobs overseas and he accomplished neither. >> the new poll, the washington poll shows that despite the earlier than usual ads in many places and the supreme court's ruling on health care and immigration, president obama and mitt romney are deadlocked at 47%. it also shows how the vast majority made up their minds. what do those things say about this race? >> we saw this in our poll two weeks ago. there is a hardening of the two political bases and this idea that america is polarized. you are seeing it reflected in the presidential preference numbers that we see in all the polls where you have this between 85 and 90% of democrats sticking with obama. 85 to 90% of republicans with romney. the slice of undecided voters is so small, it makes you wonder are we talking about swing voter or talking about turn out numbers and voters that swing between voting and not voting. i think that's what all of the poll numbers are saying. we have a hardening of the arteries. we are a polarized country and it will be a 5
roll back the bush tax cuts and stop these tax incentives for corporations to ship jobs overseas and he accomplished neither. >> the new poll, the washington poll shows that despite the earlier than usual ads in many places and the supreme court's ruling on health care and immigration, president obama and mitt romney are deadlocked at 47%. it also shows how the vast majority made up their minds. what do those things say about this race? >> we saw this in our poll two weeks ago....
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Sep 11, 2012
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it's like a sales tax. if they expire the bush tax cuts, the top 2% over 250,000, you're going to get a lot of money fast. why? because they can. that's where i'm at. if you're going to fix it fast, that's where you got to go quickly. i don't think it's going to hurt job creation. great to have you on the program. thank you so much. >>> mitt romney says he likes some parts of obama care. his campaign says that's not true. jan schakowsky weighs in. >>> then the rude awakening for the republicans. they thought they could win control of the senate. we'll talk to one democrat causing serious problems for the gop in the heartland. stay with us. >>> i will act to repeal obama care. >> if i'm president we're going to stop obama care in its tracks. >> sounds pretty deficit. mitt romney will repeal obama care on day one. you can see why folks have been scratching their heads after romney said this. >> i'm not getting rid of all of health care reform. of course, there are a number of things i like in health care refo
it's like a sales tax. if they expire the bush tax cuts, the top 2% over 250,000, you're going to get a lot of money fast. why? because they can. that's where i'm at. if you're going to fix it fast, that's where you got to go quickly. i don't think it's going to hurt job creation. great to have you on the program. thank you so much. >>> mitt romney says he likes some parts of obama care. his campaign says that's not true. jan schakowsky weighs in. >>> then the rude awakening...
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Jun 8, 2012
06/12
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things like $5 trillion tax cuts for the wealthiest. repealing wall street reform and leaving the middle class held hostage to the sorts of risky financial deals that put our entire economy at risk. the president's had this plan to create over 1 million jobs on the table since last fall. it would address specific weaknesses that we saw in last month's jobs report. it would put public sector workers back to work. teachers and classrooms, cops on the street. it's got an infrastructure plan in there that would get construction workers to work so we know what we need to do right now. >> each night veteran talk host ed schulz tackles the issues that matter most to americans. don't miss "the ed show" right here on msnbc. the place for politics. >>> diplomatic efforts to end the bloodshed in syria are failing according to the united nations. u.n. observers themselves were being attacked. this happened yesterday as they tried to reach the site of the latest reported massacre in syria. we're following the story from cairo. >> reporter: lying for
things like $5 trillion tax cuts for the wealthiest. repealing wall street reform and leaving the middle class held hostage to the sorts of risky financial deals that put our entire economy at risk. the president's had this plan to create over 1 million jobs on the table since last fall. it would address specific weaknesses that we saw in last month's jobs report. it would put public sector workers back to work. teachers and classrooms, cops on the street. it's got an infrastructure plan in...
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Jan 8, 2012
01/12
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grover norquist, the anti-tax crusader says no tax increases under any circumstances. warren buffett says, hey, the wealthier in this country can pay more and they should pay more. indeed, balancing the budget is a way for more economic growth down the line. who knows more about the american economy? grover norquist or warren buffett? >> well, who knows more about tax policy? i'm not sure we're going to choose from the two of them. but i can tell you this the right course for america is not to raise taxes on americans. i understand that president obama and people of his political persuasion would like to take more money from the american people. and they want to do that so they can continue to grow government. but the answer for america is not to grow government. it is to shrink government. we've been going over the last 20, 30, 40 years, government keeps growing at a faster rate relative to inflation. we've got to stop the extraordinary spending in this country. that's why i put out a plan that reduces government spending, i cut -- i cut programs, a whole series of pr
grover norquist, the anti-tax crusader says no tax increases under any circumstances. warren buffett says, hey, the wealthier in this country can pay more and they should pay more. indeed, balancing the budget is a way for more economic growth down the line. who knows more about the american economy? grover norquist or warren buffett? >> well, who knows more about tax policy? i'm not sure we're going to choose from the two of them. but i can tell you this the right course for america is...
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Sep 11, 2012
09/12
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it's like a sales tax. if they expire the bush tax cuts, the top 2% over 250,000, you're going to get a lot of money fast. why? because they can. that's where i'm at. if you're going to fix it fast, that's where you got to go quickly. i don't hurt job creation. great to have you on the program. thank you so much. >>> mitt romney says he likes some parts of obama care. his campaign says that's not true. jan schakowsky weighs in. >>> then the rude awakening for the republicans. they thought they could win control of the senate. we'll talk to one democrat causing serious problems for the gop in the heartland. stay with us. ♪ why should saturday night have all the fun? get two times the points on dining in restaurants, with chase sapphire preferred. with less chronic osteoarthritis pain. imagine living your life with less chronic low back pain. imagine you, with less pain. cymbalta can help. cymbalta is fda-approved to manage chronic musculoskeletal pain. one non-narcotic pill a day, every day, can help reduc
it's like a sales tax. if they expire the bush tax cuts, the top 2% over 250,000, you're going to get a lot of money fast. why? because they can. that's where i'm at. if you're going to fix it fast, that's where you got to go quickly. i don't hurt job creation. great to have you on the program. thank you so much. >>> mitt romney says he likes some parts of obama care. his campaign says that's not true. jan schakowsky weighs in. >>> then the rude awakening for the republicans....
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you know what, they are by the way, they are paying federal taxes in terms of fica taxes, you can't get blood out of a stone when the middle class is shrinking. >> don't miss "the ed show" on msnbc. the place for politics. >>> well here's your first look at other news going on around america today. near houston, thieves broke into a church, but they were being watched from above by security cameras. one of the burglars could be seen trying to pull the plug on the cameras. that didn't go so well. their faces were still clearly visible. they did make off with a safe, but they left behind closing and a flashlight. >>> also in texas, heavy flooding in corpus christi made for commuting nightmare, a number of roads had to be closed. several cars stalled in the middle of the streets. small up tornadoes and power outages reported. >>> and finally in boston, the red sox turned to a 100-year-old fan for a little help. he was invited to fenway park to celebrate something else that's hitting the century mark. the stadium itself. the man tossed out the first pitch and it went right over home plate.
you know what, they are by the way, they are paying federal taxes in terms of fica taxes, you can't get blood out of a stone when the middle class is shrinking. >> don't miss "the ed show" on msnbc. the place for politics. >>> well here's your first look at other news going on around america today. near houston, thieves broke into a church, but they were being watched from above by security cameras. one of the burglars could be seen trying to pull the plug on the...
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to go over this cliff which means they're willing to let your taxes go up and unemployment checks go away massive spending cuts happen if the pentagon instead of continuing the tax breaks for the wealthy. now there's been very little progress here on chiapitol hill which is why so many have gone home. we know that president obama and john boehner spoke by phone. republican sources telling us they had a conversation yesterday. we don't have a readout on what that was about. we don't know that if any meetings have been scheduled. but any small sign of progress is welcome here on capitol hill. now with so many lawmakers headed home and likely to face the ire of their constituents, we saw one protester in baltimore yesterday over social security. there are a few left. today there's a joint economic committee hearing. they're going to hear from a top economist not only about the jobs numbers coming out tomorrow but also about what can be done to avoid this issue at the end of the year. >> tracie potts for us in washington. thank you. >>> last night on the ed show, steny hoyer explains why
to go over this cliff which means they're willing to let your taxes go up and unemployment checks go away massive spending cuts happen if the pentagon instead of continuing the tax breaks for the wealthy. now there's been very little progress here on chiapitol hill which is why so many have gone home. we know that president obama and john boehner spoke by phone. republican sources telling us they had a conversation yesterday. we don't have a readout on what that was about. we don't know that if...
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so you need policy consensus, some tax reduction, some investment and education, and some tax breaks that will help sort of states specialize in different industries and attract them. >> let's end where we started. some criticisms coming out from ips saying the president has left some things on the table here. the estate taxes one of those that they bring to bear here. they also talk about hedge fund managers specifically being ability to get favorable tax rates there, too. how has the administration done with this? >> it's sort of paralysis on this issue. you know, the administration -- the republicans -- what we seed with a fiscal cliff and what we saw in our series is the ability to create consense politically is hurting us tremendously, economically. the earlier guest was talking about how these are self-inflected problems, and that's what's happening. tax rates will go up across the board. the condition does look like it will slip back, and it's a global change in the economy. again people with skills competing globally and doing very very well at the top. we're not addressing f
so you need policy consensus, some tax reduction, some investment and education, and some tax breaks that will help sort of states specialize in different industries and attract them. >> let's end where we started. some criticisms coming out from ips saying the president has left some things on the table here. the estate taxes one of those that they bring to bear here. they also talk about hedge fund managers specifically being ability to get favorable tax rates there, too. how has the...
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and other taxes, and at an effective rate higher than romney pays his taxes. over 10% of them are senior citizens on social security. the rest are disabled vets and veterans and military personnel fighting now. that's the 47%. the 47% this nation depends on to build this country. folks, it's about time governor romney takes some responsibility. takes some responsibility to help the american people in the middle class, instead of lining up to sign a pledge to a guy named grover norquist. >> for me, one of my favorite moments in the debate was him pointing out the effective rate romney pays compared to what other people in the real world pay. i'm not sure how many people jumped on that as their favorite little moment. >> you and me, lawrence. >> but biden and is finding more effective ways of isolating that romney tax return 14% number. >> and it wasn't just that. biden i thought actually figured out what obama didn't figure out a week before, which is how to deal with the romney/ryan ticket on taxes and on medicare and on social security. the strategy thus far
and other taxes, and at an effective rate higher than romney pays his taxes. over 10% of them are senior citizens on social security. the rest are disabled vets and veterans and military personnel fighting now. that's the 47%. the 47% this nation depends on to build this country. folks, it's about time governor romney takes some responsibility. takes some responsibility to help the american people in the middle class, instead of lining up to sign a pledge to a guy named grover norquist....
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he won't show us his taxes, won't tell us his tax plan. paul ryan has all these unspecified spending cuts. so when obama and others say are you going to take people off pell grants and throw them out of head start, he goes no, we're not, that's not in the plan, but he won't say where the spending cuts come from. on taxes, personal taxes and spernding cuts, they won't give the basic details. details -- we don't need to stinking details is the message to the public. i think this creates a real big opening and you saw what david gregory was able to do to him or what jay leno does in talking about earlier in the show. barack obama will have a wide opening on the debate to say, mitt, if you can give us magic ponies, please tell us how it's going to happen. >> congressman rand, you live in northern virginia, you represent that area. what are people saying about romney? do they get this complication here that he's sort of hiding behind, i'm not telling what you i'm going to do? >> i hope they understand it. i hope they watch shows like yours, chr
he won't show us his taxes, won't tell us his tax plan. paul ryan has all these unspecified spending cuts. so when obama and others say are you going to take people off pell grants and throw them out of head start, he goes no, we're not, that's not in the plan, but he won't say where the spending cuts come from. on taxes, personal taxes and spernding cuts, they won't give the basic details. details -- we don't need to stinking details is the message to the public. i think this creates a real...
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penalty a tax. you should call it a penalty or a fee or a fine? >> that's correct. >> does this not contradict what republicans who have been hammering the president all weekend that this penalty is a tax? isn't this an important pivot that he is announcing over how mitt romney feels? >> mitt romney felt the same as always. he will repeal all of obama care and he agreed with the dissent part of the supreme court. he thought the entire thing was unconstitutional. the question you should be asking is the president of the us said this wasn't going to be a tax and sent the solicitor general to the court and said call it a tax. when the court ruled he said it's not a tax. the president has been the that has been inconsistent on this. that's where the american people will recognize and this president is continuing to say whatever fits his interest. governor romney has been consistent that obama care is not something that is in the best interest of our economy for health care. he will repeal it day 1 and a
penalty a tax. you should call it a penalty or a fee or a fine? >> that's correct. >> does this not contradict what republicans who have been hammering the president all weekend that this penalty is a tax? isn't this an important pivot that he is announcing over how mitt romney feels? >> mitt romney felt the same as always. he will repeal all of obama care and he agreed with the dissent part of the supreme court. he thought the entire thing was unconstitutional. the question...
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i would like to see genuine tax reform. that's a winning issue for the president, whoever might become president. even if we have president obama, we can go beyond dodd-frank. it's time to take a look at the idea that large banks can have 10% of the large deposits and five or six banks have 50%. they are not lending that money back out where it needs to be loaned. maybe it's time to start breaking up the large depositories without necessarily bringing back. that opportunity has been missed for now. we should break up the large depositories. >> the watson and crick of jobs debate and invest mement in america. i give you ladies and gentlemen, jared bernstein and peter marici. more on my thoughts of the job report. the left calling the number a game changer e. the right calling it not enough. mathematically, they could be correct, as we just discussed. it's not that pretty. and we on our side are calling on any politician of any stripe who currently thinks this system is going to get us anywhere near the capital flows we need
i would like to see genuine tax reform. that's a winning issue for the president, whoever might become president. even if we have president obama, we can go beyond dodd-frank. it's time to take a look at the idea that large banks can have 10% of the large deposits and five or six banks have 50%. they are not lending that money back out where it needs to be loaned. maybe it's time to start breaking up the large depositories without necessarily bringing back. that opportunity has been missed for...
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we should fix the tax code so it is fair. >> chris, listen, many people have to pay more taxes. that's the only way we're going to get our country back together. but with respect to their lifestyle, the fact that they're going to pay more in taxes is not going to affect their lifestyle. what's the difference between you making $48 million a year or $46 million a year? your lifestyle doesn't change that much. >> mitt romney says what you're preaching is the politics of envy. >> no, no. i love successful people. i love all of us to be successful, and i think the united states is about success. when i have talked to people who have been successful, and i agree with the people who have been successful when they say i'm willing to pay more, loretta, just don't beat me up every day about it. don't make me the bad guy. and i agree with them. i have not ever gone on and said, oh, these people are bad because they're making so much money. in fact, i said, i think most of them if we really approach it correctly would be willing to pay more money. that's what warren buffett has said. that
we should fix the tax code so it is fair. >> chris, listen, many people have to pay more taxes. that's the only way we're going to get our country back together. but with respect to their lifestyle, the fact that they're going to pay more in taxes is not going to affect their lifestyle. what's the difference between you making $48 million a year or $46 million a year? your lifestyle doesn't change that much. >> mitt romney says what you're preaching is the politics of envy. >>...
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you got to pay state and local tax. so the three biggest ones are mortgages, state and local, and charitable. they're the major deductions of our lives and they're talking about getting rid of them so the rich can go from 38% to 25%. your thought. >> you're absolutely right. that's the game plan, blame obama, promise everything, and avoid specifics. and i guess stay off "hardball" and assume we're all dummies and are going to buy it. it's just impossible. you can't cut taxes by $5 trillion over the next decade, spend $2 trillion more on defense than is budgeted, and then think no one is going to have to cover it. and you're not going to increase the deficit. of course you're going to increase the deficit. it's far worse than anything that the reagan administration did when they quadrupled the deficit. it's worse than what george w. bush did when he cut -- when he had two deep tax cuts, started two wars, and then expanded medicare. that's why we're in the situation we're in. but what romney is trying to do is double down
you got to pay state and local tax. so the three biggest ones are mortgages, state and local, and charitable. they're the major deductions of our lives and they're talking about getting rid of them so the rich can go from 38% to 25%. your thought. >> you're absolutely right. that's the game plan, blame obama, promise everything, and avoid specifics. and i guess stay off "hardball" and assume we're all dummies and are going to buy it. it's just impossible. you can't cut taxes by...
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or raise their tax rates? today president obama meets with small business leaders continuing his push for higher taxes for the wealthy. a new white house economic report warns if tax breaks go away, the average middle-class family will owe uncle sam another $2,200 next year. >> it seems to be the thing that we can all agree on, that middle-class families should see an extension of these tax cuts. >> reporter: some prominent republicans who have been dead set against raising taxes on anyone now hint they may consider other options. >> we've been open to revenue by closing loopholes as long as it's tied to spending cuts and pro-growth tax reform that brudens the base and lowers rates. >> you don't raise rates, you just cap the amount of itemized deductions that taxpayers -- it hits the wealthy. >> reporter: the bottom line, republicans say americans borrowing too much money trying to keep medicare and social security afloat. lawmakers with the fix-the-debt coalition meet here tomorrow. >> there's going to come a
or raise their tax rates? today president obama meets with small business leaders continuing his push for higher taxes for the wealthy. a new white house economic report warns if tax breaks go away, the average middle-class family will owe uncle sam another $2,200 next year. >> it seems to be the thing that we can all agree on, that middle-class families should see an extension of these tax cuts. >> reporter: some prominent republicans who have been dead set against raising taxes on...
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i'm advocating throwing out income tax, corporate tax. no more tax withholdings from your payroll check. replace it with the fair tax. for those watching, check out fairtax.org. i think it reboots the american economy. i think what the president can and needs to provide is leadership, the whole notion that here are my beliefs and i'm running for president of the united states, elect me and you can count on somebody that's doggedly going to pursue this agenda i'm talking about. in this case, balance the federal budget, civil liberties, civil liberties are really important and let's stop with our military interventions. >> how about health care? you've not been on the show since the supreme court announced it was upholding the health care law. you called it an incredible blow to our bedrock principles of freedom and liberty. as you know -- this is a nation with millions of uninsured people, isn't it acknowledgement that something had to be done? >> sure, these issues could have been addressed. i think they could have been addressed in a rea
i'm advocating throwing out income tax, corporate tax. no more tax withholdings from your payroll check. replace it with the fair tax. for those watching, check out fairtax.org. i think it reboots the american economy. i think what the president can and needs to provide is leadership, the whole notion that here are my beliefs and i'm running for president of the united states, elect me and you can count on somebody that's doggedly going to pursue this agenda i'm talking about. in this case,...
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though we can't see his taxes. this guy's getting defined negatively. hurting the ticket in places like florida and iowa and this is a great boost to the democrats, who are even more enthusiastic than the republicans about this nominee. >> talking about medicare, it was reported today that romney and ryan are going to team up next week and put some of this medicare talk to rest, but remember when they made the announcement similar to when sarah palin was announced, we're going to split up, double the amount of ground. just one week into it, they've got to bring them back together and it just felt they were not prepared for the observe questions, the comparisons between romney and ryan's plans. >> day one was fantastic. it was a secret. they did a good job. everyone was surprised what happened. they should have been more. but just to go back to that question about why didn't they get a bump, we've never had an electorate with 3 to a 5%, so there's not a lot of room for anyone to get much of a bump. whether it's an a
though we can't see his taxes. this guy's getting defined negatively. hurting the ticket in places like florida and iowa and this is a great boost to the democrats, who are even more enthusiastic than the republicans about this nominee. >> talking about medicare, it was reported today that romney and ryan are going to team up next week and put some of this medicare talk to rest, but remember when they made the announcement similar to when sarah palin was announced, we're going to split...
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this time asking if romney and the unreleased years, quote, paid any taxes at all. >> tax havens offshore accounts, carried interest. mitt rom any has used every trick in the book. romney admits that in the last three years he's paid -- we don't know because romney has released just one full year of his tax returns and won't release anything before 2010. >> i have put out as much as we're going to put out. >> what is mitt romney hiding? >> it will not die, the taxes story and mitt romney, the president will not let it and he was back in ohio yet for his eighth trip to the state this year and it was his first town hall in the re-election campaign. >> what's your favorite girl scout cookie? >> i'm pretty partial to those mint -- >> thin mints. >> when can i cut your hair. >> you would not want a president who was disloyal to his barber. >> not exactly hammered with hard questions there in the town hall, but obama hammered romney for a tax strategy that would urge companies to create jobs. >> mitt romney's economic plan would create 800,000 new jobs, but the problem is the jobs won't be in a
this time asking if romney and the unreleased years, quote, paid any taxes at all. >> tax havens offshore accounts, carried interest. mitt rom any has used every trick in the book. romney admits that in the last three years he's paid -- we don't know because romney has released just one full year of his tax returns and won't release anything before 2010. >> i have put out as much as we're going to put out. >> what is mitt romney hiding? >> it will not die, the taxes...
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>> i wish they weren't called the bush tax cuts. if they were called somebody else's tax cuts, they would be less likely to be raised. if you raise taxes, you are taking money out of the pockets of consumers. >> dubya, back on the big stage. >>> the former president spoke of his life since leaving the white house and why he decided to stay out of public life. >> when you get out of office, it's kind of a daunting feeling. you have served, given it your all, all of a sudden you have some years ahead of you. i have decided to stay out of the limelight. i had plenty of the limelight. i don't think it's good for our country to undermine our president and i don't intend to do so. if asked if i miss the presidency? i really don't. i enjoyed it. it was an unbelievably interesting experience. it was an inconvenience to have to stop at some stop lights coming over here, but i guess i miss that. >> george w. bush, the first ex-president that i believe doesn't miss the job. we will probably see him again next at a texas rangers playoff game. >
>> i wish they weren't called the bush tax cuts. if they were called somebody else's tax cuts, they would be less likely to be raised. if you raise taxes, you are taking money out of the pockets of consumers. >> dubya, back on the big stage. >>> the former president spoke of his life since leaving the white house and why he decided to stay out of public life. >> when you get out of office, it's kind of a daunting feeling. you have served, given it your all, all of a...
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are you -- is there no deal at the end of the year if tax rates for the top 2% aren't the clinton tax rates, period. no ifs, ands or buts on that specific aspect of the fiscal cliff. >> with respect to the tax rates, i want to emphasize, i am open to new ideas. i'm not going to slam the door in their face. i want to hear -- i want to hear ideas from everybody. >> that's not a no. here is the treasury secretary timothy geithner. >> there's no agreement that doesn't involve the rates going up on the top 2%. >> not necessarily going up to the clinton era rates. just going up. today at a press conference at the capital, bain got a question about this. listen carefully to how he responded or didn't respond. >> you did speak with the president earlier this week. can you characterize this call? and also we understand that he just is making clear that it's got to be increasing rates for the wealthy or no deal. are you willing to give a little bit? maybe just not all the way to 39.6? >> the phone call was pleasant, but just more of the same. the conversations that the staff had yesterday, just
are you -- is there no deal at the end of the year if tax rates for the top 2% aren't the clinton tax rates, period. no ifs, ands or buts on that specific aspect of the fiscal cliff. >> with respect to the tax rates, i want to emphasize, i am open to new ideas. i'm not going to slam the door in their face. i want to hear -- i want to hear ideas from everybody. >> that's not a no. here is the treasury secretary timothy geithner. >> there's no agreement that doesn't involve the...
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experts say hatch's plan would extend tax cuts for millions of rich families while allowing tax breaks to expire for the 13 million on the bottom of the income spectrum. >>> the hill says republican senator tom coburn of oklahoma is being criticized by anti-tax advocate grover norquist. coburn was blasted for donating $250,000 to joe mansion of west virginia. >>> democratic congressman emanuel cleaver of missouri sent a letter to colleagues dissing the tween vampire series "twilight." everyone knows that real vampires and real ware wolves don't date the same girl and expresses concern that millions of young kids will think that "twilight movies are as accurate as dracula." 22-year-old mindy meyer was inspired about it movie "legally blonde" when she designed a bright prifrpg website for her campaign for state senate in new york. meyer, a republican conservative calls herself the diva of the district. her slogan is "i'm senator and i snow it." and that's your morning dish of scrambled politics. . >>> and just a quick correction. it was actually a $250 donation, not a $250,000 donation.
experts say hatch's plan would extend tax cuts for millions of rich families while allowing tax breaks to expire for the 13 million on the bottom of the income spectrum. >>> the hill says republican senator tom coburn of oklahoma is being criticized by anti-tax advocate grover norquist. coburn was blasted for donating $250,000 to joe mansion of west virginia. >>> democratic congressman emanuel cleaver of missouri sent a letter to colleagues dissing the tween vampire series...
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tax on labor makes it uncompetitive, and the idea somebody on the left would raise those taxes to subsidize high income seniors doesn't make sense to me. and including housing programs, block rent them, and send it back to the states and require work and put a time limit. you do those three things, and we will help take those programs, which are now dependency programs, and you take them to transitional programs to help people move out of poverty. >> you talked about what paul ryan was talking about was a step too far, which was moving seniors on to a voucher program. senator santorum thinks current seniors should be moved off of the program into a voucher program, and do you agree with that? >> the fact is, the ryan bill which was introduced recently incorporates allowing people to choose. they can go to new methods. it's a substantial improvement. it allows for a transition in medicare in a way that makes sense. but david, you know, i find it fascinating that very, very highly paid washington common taters and analysts love the idea of pain. who is going to be in pain? the duty of the pre
tax on labor makes it uncompetitive, and the idea somebody on the left would raise those taxes to subsidize high income seniors doesn't make sense to me. and including housing programs, block rent them, and send it back to the states and require work and put a time limit. you do those three things, and we will help take those programs, which are now dependency programs, and you take them to transitional programs to help people move out of poverty. >> you talked about what paul ryan was...
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it's like a sales tax. if they expire the bush tax cuts, the top 2% over 250,000, you're going to get a lot of money fast. why? because they can. that's where i'm at. if you're going to fix it fast, that's where you got to go quickly. i don't think it's going to hurt job creation. great to have you on the program. thank you so much. >>> mitt romney says he likes some parts of obama care. his campaign says that's not true. jan schakowsky weighs in. >>> then the rude awakening for the republicans. they thought they could win control of the senate. we'll talk to one democrat causing serious problems for the gop in the heartland. stay with us. when you take a closer look... ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. let's solv
it's like a sales tax. if they expire the bush tax cuts, the top 2% over 250,000, you're going to get a lot of money fast. why? because they can. that's where i'm at. if you're going to fix it fast, that's where you got to go quickly. i don't think it's going to hurt job creation. great to have you on the program. thank you so much. >>> mitt romney says he likes some parts of obama care. his campaign says that's not true. jan schakowsky weighs in. >>> then the rude awakening...
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. >>> tax burden. mitt romney pushes back after calls from the obama campaign and prominent republicans to disclose more of his tax returns. >>> going down. a vehicle plunges into the elevator shaft of a parking garage. >>> and crack up. an iceberg twice the size of manhattan splits off from a greenland glacier. good morning, everyone, i'm lynn berry. those stories and more straight ahead. this is "first look" on msnbc. >>> we're going to begin this morning with a taxing situation. presumptive republican presidential candidate mitt romney has been under increasing pressure from the obama campaign to release additional years of tax returns. now romney is even dismissing calls from within his own party. nbc's tracie potts joins us from washington with more on all of this. tracie, good morning to you. >> hi, lynn. good morning, everyone. it's not just democrats as you mentioned who want to see more of what romney has earned in recent years but now prominent republicans as well. mississippi governor haley
. >>> tax burden. mitt romney pushes back after calls from the obama campaign and prominent republicans to disclose more of his tax returns. >>> going down. a vehicle plunges into the elevator shaft of a parking garage. >>> and crack up. an iceberg twice the size of manhattan splits off from a greenland glacier. good morning, everyone, i'm lynn berry. those stories and more straight ahead. this is "first look" on msnbc. >>> we're going to begin this...
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people ma taxes will go up for everyone. you can see the numbers here, 40 to 65,000, it's $2,000 of a tax hike. so as constituents, if they were to call you and they say why is this happening, what are you going to say to them? >> well, first of all, that's not going to happen. we may go off the cliff on january 1st but we would correct that very quickly thereafter. what i'm telling them is the reason it's happening is we have idey ideologues in the house of representatives who don't believe there's a fiscal side of the budget. they're focused on cutting spending in unprecedented ways and they don't believe in taxes essentially. on the budget committee we've seen this day in and day out. these members of the house, and i don't know how many of them there are, but at least 50 or 60 basically have established a record in which ne hathey have firmly embraced the concept of not raising taxes and serious cuts that they put themselves in a box and they really can't get out and that's really tying up everything. because we can do a
people ma taxes will go up for everyone. you can see the numbers here, 40 to 65,000, it's $2,000 of a tax hike. so as constituents, if they were to call you and they say why is this happening, what are you going to say to them? >> well, first of all, that's not going to happen. we may go off the cliff on january 1st but we would correct that very quickly thereafter. what i'm telling them is the reason it's happening is we have idey ideologues in the house of representatives who don't...
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how about the tax? if you're going to make a parallel between the paperwork, what about on the ore hand, mitt romney finally releasing the tax returns we have been arguing over. >> back to the governor of alabama. >> the fact of the matter is governor romney has fully complied with the laws as it relates to disclosure. there are others looking to get through his tax records to demonize him. again, this is a very serious matter. president obama has been very successful in shying away from 41 straight months where you had unemployment of 38%. he does not want to issue the necessary paperwork where he on one hand says governor romney has engaged in activity, but won't take the step necessary to back that up. >> there's a couple of responses to that. >> we're at the end of time. i wish we could carry this forward. we would like to continue this. stay with us. coming up, a new ad from the president. is it a sour note or instant classic? ♪ oh beautiful for spacious skies for amber waves of grain ♪ the med
how about the tax? if you're going to make a parallel between the paperwork, what about on the ore hand, mitt romney finally releasing the tax returns we have been arguing over. >> back to the governor of alabama. >> the fact of the matter is governor romney has fully complied with the laws as it relates to disclosure. there are others looking to get through his tax records to demonize him. again, this is a very serious matter. president obama has been very successful in shying away...
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Jun 30, 2012
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so you start penalty a tax, speeding tickets taxes? what's not a tax at that point. mitt romney himself has an interesting background when he balanced his budget in massachusetts, he notes he didn't raise taxes but he raised a lot of fees. again, if you're going to talk about this penalty being a tax- then all of those fees are taxes too. what's not a tax at that point is that any check you write to the government -- >> slippery slope, right? >> all right, chuck, thanks so much. we appreciate it. >> a programming note for you today on melissa harris-perry, nancy pelosi talks about the supreme court ruling on health care at 10:00 a.m. >>> olympic dreams dashed for a u.s. gymnast. bridgette sloan fell off the uneven bars in san jose, it hurts to see that. she injured her elbow in the fall. and the injury effectively ended her chances of making the women's gymnastics team this go around. this is new york state. we built the first railway, the first trade route to the west, the greatest empires. then, some said, we lost our edge. well today, there's a new new york state.
so you start penalty a tax, speeding tickets taxes? what's not a tax at that point. mitt romney himself has an interesting background when he balanced his budget in massachusetts, he notes he didn't raise taxes but he raised a lot of fees. again, if you're going to talk about this penalty being a tax- then all of those fees are taxes too. what's not a tax at that point is that any check you write to the government -- >> slippery slope, right? >> all right, chuck, thanks so much. we...
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letting the wealthiest tax cuts, the tax cuts go back to the clinton era, will provide the revenue so that those cuts don't to be deep and hurt so badly. >> senator patty murray, the fight we have a long way to go, even though the calendar year ends on december 31st, thank you so much for your time. >> coming up, ambassador susan rice returns to the hill to meet with the new set of republican lawmakers. but are these meetings congressional inquiry or job interview? we will take a look just ahead. my doctor told me calcium is efficiently absorbed in small continuous amounts. citracal slow release continuously releases calcium plus d with efficient absorption in one daily dose. citracal slow release. >>> after a trio of skeptical republican senators voiced their troubles with u.n. ambassador susan rice's answers yesterday another top gop lawmaker senator susan collins went there today. >> what troubles me so much is the benghazi attack in many ways echos the attacks on those embassies in 1998 when susan rice was head of the african region for our state department. >> we discuss the late
letting the wealthiest tax cuts, the tax cuts go back to the clinton era, will provide the revenue so that those cuts don't to be deep and hurt so badly. >> senator patty murray, the fight we have a long way to go, even though the calendar year ends on december 31st, thank you so much for your time. >> coming up, ambassador susan rice returns to the hill to meet with the new set of republican lawmakers. but are these meetings congressional inquiry or job interview? we will take a...
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i was going to ask you the taxes issue. having the democrat lead on taxes can't be good for a republican. >> we had the second cycle in a row where obama's run and tried to neutralize a tax advantage. again, part of it and thas is what is really new to our poling. more afffluent people think obama is the biggest threat to them. lower income people think mitt romney is. we are seeing cultural differences by income that are interesting. >> the romney quality advantages what i want to do with you federal budget deficit up nine. dealing with china as an economic rival up eight. on the economy up three. changing business as usual in washington is dead even. if you are the obama campaign what concerns you the most here? the deficit number? >> probably the deficit. i think if you are the president's campaign you're less worried about romney's numbers right now. on the one hand the 40% right direction is the highest it has been in 3 1/2 years and any incumbent heading in that is momentum. 53% say the country is headed in the wrong
i was going to ask you the taxes issue. having the democrat lead on taxes can't be good for a republican. >> we had the second cycle in a row where obama's run and tried to neutralize a tax advantage. again, part of it and thas is what is really new to our poling. more afffluent people think obama is the biggest threat to them. lower income people think mitt romney is. we are seeing cultural differences by income that are interesting. >> the romney quality advantages what i want to...
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need to raise taxes on anybody. i think he said that to harvey on cnn. that's a tougher -- it's a tougher pull for him. >> i wonder what bill clinton would think of what the president is proposing right now and perhaps it's a good idea -- >> i think he already said he's against it. >> say nice thing about bill clinton right now. talk about how much he loves bill clinton and then tell him to keep his mouth shut. michael steele. >> i think that's a fair point. i'm intrigued by the whole idea of this conversation to begin with. this invocation of bill clinton is nice, but what they fail to acknowledge is that what spurred that growth that they're talking about was not the tax rates that the top earners were paying, was the cut in capital gains that spurred those owners of industry and small businesses to go and invest in that economy that was being created and supported by welfare reform and the like. so you've got to look at the total package of what bill clinton did. he cut spending, working with newt gingrich in the
need to raise taxes on anybody. i think he said that to harvey on cnn. that's a tougher -- it's a tougher pull for him. >> i wonder what bill clinton would think of what the president is proposing right now and perhaps it's a good idea -- >> i think he already said he's against it. >> say nice thing about bill clinton right now. talk about how much he loves bill clinton and then tell him to keep his mouth shut. michael steele. >> i think that's a fair point. i'm...
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>> the president keeps talking about tax fairness and the buffett rule. today is tax day. you had two extra days to file because april 15th was a sunday and yesterday was emancipation day in washington, d.c. check out the celebrities who owe back taxes. glen campbell. shannon dougherty. over $332 thousand. gold medal skier is listed at almost 1 million smackers. world champion boxer tops our list today at almost $3 million. are you still sleeping? just wanted to check and make sure that we were on schedule. the first technology of its kind... mom and dad, i have great news. is now providing answers families need. siemens. answers. sven's home security gets the most rewards of any small business credit card! how does this thing work? oh, i like it! [ garth ] sven's small business earns 2% cash back on every purchase, every day! woo-hoo!!! so that's ten security gators, right? put them on my spark card! why settle for less? testing hot tar... great businesses deserve the most rewards! [ male announcer ] the spark business card from capital one. choose unlimited rewards with
>> the president keeps talking about tax fairness and the buffett rule. today is tax day. you had two extra days to file because april 15th was a sunday and yesterday was emancipation day in washington, d.c. check out the celebrities who owe back taxes. glen campbell. shannon dougherty. over $332 thousand. gold medal skier is listed at almost 1 million smackers. world champion boxer tops our list today at almost $3 million. are you still sleeping? just wanted to check and make sure that...